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福尼克斯（PLAB）与Rocket Lab Corp（RKLB）财务数据对比。点击上方公司名可切换其他公司
福尼克斯的季度营收约是Rocket Lab Corp的1.2倍（$210.4M vs $179.7M），福尼克斯净利率更高（10.9% vs -29.5%，领先40.3%），Rocket Lab Corp同比增速更快（35.7% vs -5.5%），福尼克斯自由现金流更多（$25.2M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs -3.8%）
福尼克斯是美国半导体光掩模制造商，2009年时位居全球第三大光掩模供应商，同时也是电子束产业倡议组织的成员，专注于为半导体行业提供关键的掩模产品，支撑芯片制造环节的图形转移需求。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
PLAB vs RKLB — 直观对比
营收规模更大
PLAB
是对方的1.2倍
$179.7M
营收增速更快
RKLB
高出41.2%
-5.5%
净利率更高
PLAB
高出40.3%
-29.5%
自由现金流更多
PLAB
多$139.4M
$-114.2M
两年增速更快
RKLB
近两年复合增速
-3.8%
损益表 — Q3 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $210.4M | $179.7M |
| 净利润 | $22.9M | $-52.9M |
| 毛利率 | 33.7% | 38.0% |
| 营业利润率 | 22.9% | -28.4% |
| 净利率 | 10.9% | -29.5% |
| 营收同比 | -5.5% | 35.7% |
| 净利润同比 | -32.4% | -1.1% |
| 每股收益（稀释后） | $0.39 | $-0.09 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收PLABRKLB
| Q4 25 | — | $179.7M | ||
| Q3 25 | $210.4M | $155.1M | ||
| Q2 25 | $211.0M | $144.5M | ||
| Q1 25 | $212.1M | $122.6M | ||
| Q4 24 | $222.6M | $132.4M | ||
| Q3 24 | $211.0M | $104.8M | ||
| Q2 24 | $217.0M | $106.3M | ||
| Q1 24 | $216.3M | $92.8M |
净利润PLABRKLB
| Q4 25 | — | $-52.9M | ||
| Q3 25 | $22.9M | $-18.3M | ||
| Q2 25 | $8.9M | $-66.4M | ||
| Q1 25 | $42.9M | $-60.6M | ||
| Q4 24 | $33.9M | $-52.3M | ||
| Q3 24 | $34.4M | $-51.9M | ||
| Q2 24 | $36.3M | $-41.6M | ||
| Q1 24 | $26.2M | $-44.3M |
毛利率PLABRKLB
| Q4 25 | — | 38.0% | ||
| Q3 25 | 33.7% | 37.0% | ||
| Q2 25 | 36.9% | 32.1% | ||
| Q1 25 | 35.6% | 28.8% | ||
| Q4 24 | 37.0% | 27.8% | ||
| Q3 24 | 35.6% | 26.7% | ||
| Q2 24 | 36.5% | 25.6% | ||
| Q1 24 | 36.6% | 26.1% |
营业利润率PLABRKLB
| Q4 25 | — | -28.4% | ||
| Q3 25 | 22.9% | -38.0% | ||
| Q2 25 | 26.4% | -41.3% | ||
| Q1 25 | 24.6% | -48.3% | ||
| Q4 24 | 25.1% | -38.9% | ||
| Q3 24 | 24.7% | -49.5% | ||
| Q2 24 | 25.8% | -40.7% | ||
| Q1 24 | 26.6% | -46.4% |
净利率PLABRKLB
| Q4 25 | — | -29.5% | ||
| Q3 25 | 10.9% | -11.8% | ||
| Q2 25 | 4.2% | -46.0% | ||
| Q1 25 | 20.2% | -49.5% | ||
| Q4 24 | 15.2% | -39.5% | ||
| Q3 24 | 16.3% | -49.6% | ||
| Q2 24 | 16.7% | -39.2% | ||
| Q1 24 | 12.1% | -47.7% |
每股收益（稀释后）PLABRKLB
| Q4 25 | — | $-0.09 | ||
| Q3 25 | $0.39 | $-0.03 | ||
| Q2 25 | $0.15 | $-0.13 | ||
| Q1 25 | $0.68 | $-0.12 | ||
| Q4 24 | $0.54 | $-0.11 | ||
| Q3 24 | $0.55 | $-0.10 | ||
| Q2 24 | $0.58 | $-0.08 | ||
| Q1 24 | $0.42 | $-0.09 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $575.8M | $1.0B |
| 总债务越低越好 | $16.0K | $152.4M |
| 股东权益账面价值 | $1.1B | $1.7B |
| 总资产 | $1.8B | $2.3B |
| 负债/权益比越低杠杆越低 | 0.00× | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资PLABRKLB
| Q4 25 | — | $1.0B | ||
| Q3 25 | $575.8M | $976.7M | ||
| Q2 25 | $558.4M | $688.1M | ||
| Q1 25 | $642.2M | $428.4M | ||
| Q4 24 | $640.7M | $419.0M | ||
| Q3 24 | $606.4M | $442.4M | ||
| Q2 24 | $559.9M | $496.8M | ||
| Q1 24 | $521.5M | $492.5M |
总债务PLABRKLB
| Q4 25 | — | $152.4M | ||
| Q3 25 | $16.0K | $347.0M | ||
| Q2 25 | $19.0K | $346.5M | ||
| Q1 25 | $21.0K | $345.9M | ||
| Q4 24 | $25.0K | $345.4M | ||
| Q3 24 | $28.0K | $61.2M | ||
| Q2 24 | $2.5M | $64.2M | ||
| Q1 24 | $2.7M | $66.8M |
股东权益PLABRKLB
| Q4 25 | — | $1.7B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $1.1B | $688.5M | ||
| Q1 25 | $1.1B | $431.3M | ||
| Q4 24 | $1.1B | $382.5M | ||
| Q3 24 | $1.1B | $419.8M | ||
| Q2 24 | $1.0B | $455.2M | ||
| Q1 24 | $1.0B | $478.9M |
总资产PLABRKLB
| Q4 25 | — | $2.3B | ||
| Q3 25 | $1.8B | $2.2B | ||
| Q2 25 | $1.7B | $1.6B | ||
| Q1 25 | $1.7B | $1.3B | ||
| Q4 24 | $1.7B | $1.2B | ||
| Q3 24 | $1.6B | $1.2B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.6B | $1.2B |
负债/权益比PLABRKLB
| Q4 25 | — | 0.09× | ||
| Q3 25 | 0.00× | 0.27× | ||
| Q2 25 | 0.00× | 0.50× | ||
| Q1 25 | 0.00× | 0.80× | ||
| Q4 24 | 0.00× | 0.90× | ||
| Q3 24 | 0.00× | 0.15× | ||
| Q2 24 | 0.00× | 0.14× | ||
| Q1 24 | 0.00× | 0.14× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $50.1M | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $25.2M | $-114.2M |
| 自由现金流率自由现金流/营收 | 12.0% | -63.6% |
| 资本支出强度资本支出/营收 | 11.8% | 27.6% |
| 现金转化率经营现金流/净利润 | 2.19× | — |
| 过去12个月自由现金流最近4个季度 | $64.5M | $-321.8M |
8季度趋势，按日历期对齐
经营现金流PLABRKLB
| Q4 25 | — | $-64.5M | ||
| Q3 25 | $50.1M | $-23.5M | ||
| Q2 25 | $31.5M | $-23.2M | ||
| Q1 25 | $78.5M | $-54.2M | ||
| Q4 24 | $68.4M | $-2.4M | ||
| Q3 24 | $75.1M | $-30.9M | ||
| Q2 24 | $76.5M | $-13.0M | ||
| Q1 24 | $41.5M | $-2.6M |
自由现金流PLABRKLB
| Q4 25 | — | $-114.2M | ||
| Q3 25 | $25.2M | $-69.4M | ||
| Q2 25 | $-29.1M | $-55.3M | ||
| Q1 25 | $43.3M | $-82.9M | ||
| Q4 24 | $25.2M | $-23.9M | ||
| Q3 24 | $50.7M | $-41.9M | ||
| Q2 24 | $56.5M | $-28.3M | ||
| Q1 24 | $-1.8M | $-21.8M |
自由现金流率PLABRKLB
| Q4 25 | — | -63.6% | ||
| Q3 25 | 12.0% | -44.8% | ||
| Q2 25 | -13.8% | -38.3% | ||
| Q1 25 | 20.4% | -67.6% | ||
| Q4 24 | 11.3% | -18.1% | ||
| Q3 24 | 24.0% | -40.0% | ||
| Q2 24 | 26.0% | -26.7% | ||
| Q1 24 | -0.8% | -23.5% |
资本支出强度PLABRKLB
| Q4 25 | — | 27.6% | ||
| Q3 25 | 11.8% | 29.6% | ||
| Q2 25 | 28.7% | 22.2% | ||
| Q1 25 | 16.6% | 23.4% | ||
| Q4 24 | 19.4% | 16.3% | ||
| Q3 24 | 11.6% | 10.5% | ||
| Q2 24 | 9.2% | 14.4% | ||
| Q1 24 | 20.0% | 20.7% |
现金转化率PLABRKLB
| Q4 25 | — | — | ||
| Q3 25 | 2.19× | — | ||
| Q2 25 | 3.55× | — | ||
| Q1 25 | 1.83× | — | ||
| Q4 24 | 2.02× | — | ||
| Q3 24 | 2.18× | — | ||
| Q2 24 | 2.11× | — | ||
| Q1 24 | 1.59× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
PLAB
| High End Integrated Circuits | $53.6M | 25% |
| High End Flat Panel Displays | $53.5M | 25% |
| KR | $43.7M | 21% |
| Other | $42.1M | 20% |
| Mainstream Flat Panel Displays | $9.1M | 4% |
| Transferred At Point In Time | $8.4M | 4% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
